Mizuho, a large integrated retail and corporate bank under the Mizuho Financial Group, conducted tests for its virtual currency. The currency was developed in collaboration with IBM of Japan to bring down expenditures for money transfers. Mizuho revealed the tests were successful. App-Focused Test A published report from Nikkei said the three month-long testing utilized a…

One of the very first moves of United States President-Elect Donald Trump was to form a transition team which he called his “Moving Group”. One of those appointed was PayPal co-founder, technology expert and financial whiz Peter Thiel. What are the implications of this appointment for the financial technology industry specifically advocates of the Blockchain…

United States banking and financial services giant Wells Fargo along with Euclid Opportunities were principal contributors to the $18 million (Series A funding) for Blockchain start-up enterprise Axoni. Euclid is owned by ICAP, an inter-dealer brokerage corporation. Major Players Wells Fargo is the US global banking and financial services holding conglomerate based in San Francisco CA.…

One of the prominent insurance corporations in Japan, Mitsui Sumitomo will launch a new policy line intended for Bitcoin exchanges. Mitsui Sumitomo Insurance Group Holdings Incorporated based in Tokyo was formed by the merger of Mitsui and Sumitomo Marine and Fire Insurance companies. This time, Mitsui Sumitomo partnered with Bitcoin exchange bitFlyer to work out this…

The Japan Exchange Group or JPX established a group involving a number of corporations under its umbrella to test the Proof of Concept market infrastructure of Blockchain. The Tokyo and Osaka Stock Exchanges will work with Japan Securities Clearance Corporation to check the prototype mutually. JPX already announced last February it teamed up with the Japanese Division…

Is the market price of Bitcoin still upbeat? The People’s Republic of China (PROC) is intensifying its efforts to hold back capital outflows following the decline of the Chinese Yuan to a low of over eight years. Capital outflow refers to capital that comes out from an economy. This is often caused by socio-economic and political issues…

Multinational Technology Giant International Business Machines (IBM) based in New York City (USA) partnered with Indian Business Corporation Mahindra Group to expand Blockchain-based network applications. The two companies are developing a model or trial product that can monitor supply chain transactions through Blockchain. IBM and Mahindra IBM maintains operations in 170 countries and is one of…

Bitstamp, a notable Bitcoin exchange based in Luxembourg, will stop its operations in Washington State on December 20 citing stringent regulations imposed by the State Government. A user of Reddit, social news aggregation and discussion website, posted the letter online. The communication was addressed to users. It stated that users had until December 20 to…

Bitstamp, a regulated Bitcoin Exchange in Luxembourg (Europe), has jumpstarted a web-based investment campaign and opened this to eligible investors. Funds obtained will be utilized to step up development of additional products in a controlled and conforming environment. The new investment round for the standardized venue started at the Bnktothefuture.com investment platform last December 6…

Status is giving the Ethereum Blockchain a new face with its WeChat wallet. This will be launched within the next few weeks providing an interface for Ethereum similar to common apps users are familiar with. Status allows users to call and control Decentralized Applications (DAPPS) with instant messaging from the mobile wallet. The adaptable social…